All eyes on small business development, BANKER SA
All eyes on small business development, BANKER SA
SME'S: DEVELOPMENT All eyes on small business development In free markets, small businesses, rather than major corporations, have proven to be the engine that drives the vital function of job creation. In South Africa, however, small business development has failed to put a dent in the growing and shockingly high level of joblessness, writes Zweli Mokgata Aiccording to Statistics SA, the unemployment level in formal economy (people who continue to seek work) has been around 25% for the past 10 years, which s worrying, considering population growth. Some analysts say the actual level of unemployment is much higher, as many citizens have given up looking for work.
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